22.04.2010 - 'Zain Saudi Arabia faces no funding problems' - CEO
From Arabianbusiness.com: Loss making mobile operator Zain Saudi Arabia does not face any financing pressure despite huge investments it has made. The company, which is 25 percent owned by Kuwait's Zain, said in January it was in talks with creditors after missing some commitments last year on a $2.5 billion Islamic loan. It started operations late in 2008 after paying with other investors $6 billion to win the third Saudi mobile license. It competes with larger rivals Saudi Telecom and Mobily.............................................Full Article: Source
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